By Cristal Cody
Tupelo, Miss., Aug. 10 – MJX Asset Management LLC repriced $52.85 million of notes from the vintage 2018 Venture 32 CLO, Ltd./Venture 32 CLO, LLC transaction, according to market sources.
The CLO sold $12.25 million of class A-FR senior secured fixed-rate notes and $40.6 million of class A-2BFR senior secured fixed-rate notes.
The CLO notes originally were issued July 18, 2018.
Venture 32 repriced the 4.259% class A-2BF fixed-rate notes and the 4.007% class A-F fixed-rate notes from the original CLO.
Jefferies LLC was the refinancing placement agent.
MJX affiliate MJX Venture Management II LLC is the CLO manager.
The notes are due July 18, 2031.
Additional pricing terms were not immediately available.
The CLO is backed primarily by broadly syndicated first-lien senior secured corporate loans.
Proceeds will be used to redeem the original tranches.
The asset management firm is based in New York City.
| Issuer: | Venture 32 CLO, Ltd./Venture 32 CLO, LLC
|
| Amount: | $52.85 million repricing
|
| Maturity: | July 18, 2031
|
| Securities: | Fixed-rate notes
|
| Structure: | Cash flow CLO
|
| Refinancing agent: | Jefferies LLC
|
| Manager: | MJX Venture Management II LLC
|
| Pricing date: | Aug. 4
|
| Settlement date: | Aug. 12
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| Class A-FR notes
|
| Amount: | $12.25 million
|
| Securities: | Senior secured fixed-rate notes
|
|
|
| Class A-2BFR notes
|
| Amount: | $40.6 million
|
| Securities: | Senior secured fixed-rate notes
|
|
|
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